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                            <h1>Indian rupee declines by 13 paise against US dollar</h1>
                            <p>The rupee depreciated further by 13 paise to close at 53.94 against the dollar at the Interbank Foreign Exchange (Forex) market today on the back of weakness in local equities despite key rate cut by the RBI. Dollar demand from importers also weighed on the rupee, while sustained capital inflows and weak dollar overseas limited the fall to certain extent, a forex dealer said.
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                                    <p>The Reserve Bank of India (RBI) in its annual monetary policy 2013-14 meet today cut short-term lending rates (repo) by 0.25 per cent, while kept cash reserve ratio (CRR) unchanged, which disappointed the industry and markets as the rate cut of 0.25 per cent was already factored in.<br /><a href="#">Read More &raquo;</a></p>
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                                    <p>Dollar index was down by 0.25 per cent against a basket of six major global rivals ahead of monthly US jobs figures that may provide insight into what's next for the Federal Reserve's monetary-stimulus efforts.<br /><a href="#">Read More &raquo;</a></p>
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                                    <p>Pramit Brahmbhatt, CEO, Alpari Financial Services (India) said, "Today RBI announced the rate cut by 25 basis point, brought down the interest rate from 7.50 per cent to 7.25 per cent, CRR was kept unchanged at 4 pct.<br /><a href="#">Read More &raquo;</a></p>
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                            <h3>About Us</h3>
                            <p>Dollar index was down by 0.25 per cent against a basket of six major global rivals ahead of monthly US jobs figures that may provide insight into...</p>
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                            <p>The rupee depreciated further by 13 paise to close at 53.94 against the dollar at the Interbank Foreign Exchange (Forex) market today on the back of weakness in local equities despite key rate cut by the RBI.</p><p>Dollar demand from importers also weighed on the rupee, while sustained capital inflows and weak dollar overseas limited the fall to certain extent, a forex dealer said.</p>
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